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WILLIS TWRS WAT   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Investment income------20.0035.0015.0018.0031.0038.0050.00
Commissions and fees8,513.008,202.007,887.003,809.003,767.003,633.003,458.003,414.003,293.003,200.00
Other income (loss)----------7.004.002.001.003.00
Total Revenues8,513.008,202.007,887.003,829.003,802.003,655.003,480.003,447.003,332.003,253.00
Depreciation expense208.00203.00178.0095.0092.0094.0079.0074.0063.0064.00
Amortization of intangible assets534.00581.00591.0076.0054.0055.0059.0068.0082.00100.00
Goodwill impairment charge------------492.000.00----
Salaries and benefits5,123.004,967.004,849.002,303.002,314.002,207.002,475.002,087.001,868.001,822.00
General and administratives--------------------
Restructuring costs--132.00193.00126.0036.00----------
Other operating expenses(1,637.00)(1,534.00)(1,551.00)(718.00)(659.00)(636.00)(600.00)(656.00)(564.00)(590.00)
Net gain (loss) on disposal of operations--------------4.00(2.00)13.00
Gain on disposal of London headquarters------------------0.00
Regulatory settlements--------------------
Non-cash compensation-performance options--------------------
Integration expenses(202.00)(269.00)(177.00)(84.00)------------
Total operating expenses7,704.007,686.007,539.003,402.003,155.00(2,992.00)(3,705.00)(2,881.00)(2,579.00)(2,563.00)
Operating Income809.00516.00348.00427.00647.00663.00(225.00)566.00753.00690.00
Interest expense208.00188.00184.00142.00135.00126.00128.00156.00166.00174.00
Loss on extinguishment of debt----------(60.00)--------
Make-whole on repurchase and redemption of senior notes and write-off of unamortized debt issuance costs--------------(171.00)----
Premium on redemption of subordinated notes--------------------
Other income (expense), net250.00164.00178.0055.006.0022.0016.00------
Income from continuing operations before income taxes851.00492.00342.00340.00518.00499.00(337.00)239.00587.00516.00
Income taxes136.00(100.00)(96.00)(33.00)159.00122.00101.0032.00140.0094.00
Minority interest--------------------
Interest in earnings of associates------11.0014.00--5.0012.0023.0033.00
Income from continuing operations------------(433.00)219.00470.00455.00
Discontinued operations--------------1.00--4.00
Consolidated Net income715.00592.00438.00384.00373.00377.00(433.00)220.00470.00459.00
Net income attributable to noncontrolling interests20.0024.0018.0011.0011.0012.0013.0016.0015.0021.00
NET INCOME ATTRIBUTABLE TO WILLIS GROUP HOLDINGS695.00568.00420.00373.00362.00365.00(446.00)204.00455.00438.00
EARNINGS PER SHARE (BASIC) - Continuing operations------------(6.83)3.107.106.83
earnings per share (Basic) - Discontinued operations--------------0.03--0.08
Net Earnings per share (Basic)5.294.213.075.495.405.53(6.83)3.137.106.91
EARNINGS PER SHARE (DILUTED) - Continuing operations------------(6.83)3.057.056.81
earnings per share (Basic) - Discontinued operations--------------0.03--0.05
Net Earnings per share (Diluted)5.274.183.045.415.325.37(6.83)3.077.056.86
Weighted Average Shares Outstanding (Basic)131.00135.00137.0068.0067.0066.0065.3165.3164.1863.42
Weighted average shares outstanding (Basic)132.00136.00138.0069.0068.0068.0065.3166.4464.5563.80